When we own capital, and then charge people to use it, but don’t give it to them, we become rentiers, to use the economic term invented by David Ricardo
Tag Archives: David Ricardo
Wealth Creation: Does it Matter Where it Comes From?
Rent-seeking, in economic thought, seems to be critical to capitalism’s survival … but so is labor! Both are necessary to achieve the abundance we all seek …
Warp and Woof 